Shiba Inu
Price Prediction
Shiba Inu, SHIB could hit $0.000043 in 2024
Shiba Inu’s price prediction for the most bearish scenario will value SHIB at $0.000019 in 2024.
Shiba Inu’s previous All Time High was on 28 October 2021 where SHIB was priced at $0.000086.
Shiba Inu’s price at the same time last week was $0.000024. It has moved by -8.48 % in the past week and is currently at $0.000023. Infact, in the past 24 hours, SHIB has dumped by -4.88 %. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and SHIB could hit $0.000019 in 2025.
The total circulating supply of Shiba Inu as of writing this article was $589262909794915.13 and the marketcap of SHIB remains at $14,052,492,949
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
SHIB price prediction: Key highlights
1. Primary support and resistance levels
- In the weekly time frame, SHIB established its lowest support level at$0.000007. Its highest resistance level is likely to be$0.000053.
2. Market sentiment
- The market conditions in May 2024 suggest that SHIBbulls have been getting weak.
3. Predictive forecasts
- Based on predictions from our AI/ML models, the average price of SHIB is expected to reach$0.002 in 2029 and increase to $0.1 in 2035.
Get valuable insights onSHIB via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:
SHIB technical analysis: Market at crossroads as bulls strive to retain dominance
An analysis of the SHIB’s weekly chart revealed significant fluctuations in price movement, offering insights into potential future trends andShiba Inu price prediction for 2024. Initially, the token faced considerable selling pressure, which triggered adownward trajectory.
This momentum caused a brief breach of the lowest support at$0.000007in June. Despite these challenges, thebulls reclaimed this level shortly. Nonetheless, their success was short-lived as the price failed to overcome$0.000010in August, leading to another period of decline back to the lowest support by September.
After a momentary fall below the low support the next month, an interesting pattern emerged as the bulls initiated another recovery attempt in mid-October. The price challenged the resistance once more in December.
The beginning of the new year did not immediately bring about a change in fortune for thememecoin. It continued to struggle against the same level, only to face another setback. Yet, SHIB didn't fall to previous lows.
A turning point was observed towards the end of February when a significant price surge enabled the token to overcome this long-standing barrier. This breakthrough was not isolated, as many altcoins, including SHIB, often followBitcoin's (BTC)price movements, which were trending higher.
Continuing its upward trajectory into March, the token established$0.000032 as its new highest resistance level while reclaiming$0.000020as support. This development was particularly significant, as this level had not been overcome since May 2022.
SHIB stood out as one of the cryptocurrency market's top performers, boasting substantial gains. However, this streak was interrupted as the broader market crashed. The dog-themed token underwent a correction in April after being deemedoverbought.
The following descent caused SHIB to retrace its steps below$0.000027. Bullish attempts to reclaim this level remained unsuccessful. As the analysis concluded, the buyers were holding on to the current support, with the token trading closely at$0.000023.
Despite the downturn, selling pressure on SHIB has not been intense over the past six weeks. However, theoutlookfor the memecoin remains uncertain unless BTC can initiate anuptrend.
In the shorter time frame, AMBCryptopointed to$0.000027 as a crucial sell wall. Moreover, weak buying pressure and low capital inflows could complicate SHIB's recovery at this resistance. For bulls to gain an edge, they must flip the market structure to bullish by decisively reclaiming the$0.000027 level. Should the bulls succeed, the immediate target would be$0.000031.
Contrastingly, AMBCrypto'sanalysis of Hyblock Capital’s data indicated that SHIB's price drop to$0.000020 can lead to a sharp rise inliquidations. If the price falls below this level, it could be disastrous for the memecoin, potentially plummeting to$0.000015.
Our prediction models support a moderate yet growing bullishsentiment, forecasting the token's average trading price to rise as high as$0.002 in 2029. The projections also suggest an increase in the token's average trading price to$0.1 by the year 2035.
SHIB's 2024 roadmap: Key indicators to watch and trade
- Thetrading volume of SHIB remained lackluster for most of the observed period. A notable increase in volume was observed during the late February surge, with a peak volume of 355.715 trillionrecorded in March.
- The recent drop in the token’s value was mirrored in thevolume dynamics. This pattern reflected a re-evaluation of the token's value by the market as traders reduced positions or waited for new developments.
- TheOn-Balance Volume (OBV) began to ascend slightly in June. It then faced a downturn from August to October before resuming its ascent.
- Between December and mid-February, the indicator showed flat momentum. This was succeeded by a sharp spike, with theOBV peaking at1782.855 trillion. Afterward, theOBV reversed its trajectory and dropped. At the time of writing, it slightly flatlined to register at1576.562 trillion, suggesting stabilization in the balance of buying and selling volumes.
- TheAwesome Oscillator (AO) started below the zero line and turned positive towards the end of November, suggesting a shift towardsbuying momentum.
- Towards the end of February, theAO's positive values rose significantly. However, this momentum waned in April. This brought the indicator close to zero at0.00000938, indicating a decrease inbullish strength.
Shiba Inu Price Prediction
Shiba Inu has had an eventful 2023. To simplify the latest SHIB price prediction, we have divided up the prediction by short term Shiba Inu price prediction and long term Shiba Inu price prediction. As of writing this article, SHIB had a trading volume of 471,117,251. Shiba Inu has gone down by -3.73% in the past 30 days.
According to our analysis in the short term, Shiba Inu price prediction for August 2024 shows the average price of SHIB at 0.000035 and the highest possible price for August 2024 would be $0.000037.
Further, according to our analysis in the long term, Shiba Inu price prediction for December 2024 shows the average price of SHIB at 0.000036 and the highest possible price for December 2024 would be $0.000038.
Shiba Inu's Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 5 June 2024 | $0.000025 | $0.000023 | $0.000027 |
| 6 June 2024 | $0.000025 | $0.000023 | $0.000027 |
| 7 June 2024 | $0.000025 | $0.000023 | $0.000027 |
| 8 June 2024 | $0.000025 | $0.000023 | $0.000027 |
| 13 June 2024 | $0.000027 | $0.000025 | $0.000029 |
| 18 June 2024 | $0.000028 | $0.000026 | $0.00003 |
| 28 June 2024 | $0.000032 | $0.00003 | $0.000034 |
| July 2024 | $0.000034 | $0.000032 | $0.000037 |
| August 2024 | $0.000035 | $0.000032 | $0.000037 |
| September 2024 | $0.000035 | $0.000032 | $0.000037 |
| October 2024 | $0.000035 | $0.000033 | $0.000038 |
| November 2024 | $0.000035 | $0.000033 | $0.000038 |
| December 2024 | $0.000036 | $0.000033 | $0.000038 |
Shiba Inu price prediction 5 June 2024: Shiba Inu's price for 5 June 2024 according to our analysis should range between $0.000023 to $0.000027 and the average price of SHIB should be around $0.000025.
Shiba Inu price prediction 6 June 2024: Shiba Inu's price for 6 June 2024 according to our analysis should range between $0.000023 to $0.000027 and the average price of SHIB should be around $0.000025.
Shiba Inu price prediction 7 June 2024: Shiba Inu's price for 7 June 2024 according to our analysis should range between $0.000023 to $0.000027 and the average price of SHIB should be around $0.000025.
Shiba Inu price prediction 8 June 2024: Shiba Inu's price for 8 June 2024 according to our analysis should range between $0.000023 to $0.000027 and the average price of SHIB should be around $0.000025.
Shiba Inu price prediction 13 June 2024: Shiba Inu's price for 13 June 2024 according to our analysis should range between $0.000025 to $0.000029 and the average price of SHIB should be around $0.000027.
Shiba Inu price prediction 18 June 2024: Shiba Inu's price for 18 June 2024 according to our analysis should range between $0.000026 to $0.00003 and the average price of SHIB should be around $0.000028.
Shiba Inu price prediction 28 June 2024: Shiba Inu's price for 28 June 2024 according to our analysis should range between $0.00003 to $0.000034 and the average price of SHIB should be around $0.000032.
Shiba Inu price prediction July 2024: Shiba Inu's price for July 2024 according to our analysis should range between $0.000032 to $0.000037 and the average price of SHIB should be around $0.000034.
Shiba Inu price prediction August 2024: Shiba Inu's price for August 2024 according to our analysis should range between $0.000032 to $0.000037 and the average price of SHIB should be around $0.000035.
Shiba Inu price prediction September 2024: Shiba Inu's price for September 2024 according to our analysis should range between $0.000032 to $0.000037 and the average price of SHIB should be around $0.000035.
Shiba Inu price prediction October 2024: Shiba Inu's price for October 2024 according to our analysis should range between $0.000033 to $0.000038 and the average price of SHIB should be around $0.000035.
Shiba Inu price prediction November 2024: Shiba Inu's price for November 2024 according to our analysis should range between $0.000033 to $0.000038 and the average price of SHIB should be around $0.000035.
Shiba Inu price prediction December 2024: Shiba Inu's price for December 2024 according to our analysis should range between $0.000033 to $0.000038 and the average price of SHIB should be around $0.000036.
Shiba Inu's Long Term Price Prediction
Shiba Inu’s long term Price Prediction below is a look at SHIB’s future prospect with regards to price. Shiba Inu was last seen at $0.000023, with a market cap of $14,052,492,949 and trading volumes of $471,117,251. SHIB’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2024 | $0.000036 | $0.000028 | $0.000043 |
| 2025 | $0.000016 | $0.000012 | $0.000019 |
| 2026 | $0.00002 | $0.000016 | $0.000024 |
| 2027 | $0.000025 | $0.00002 | $0.00003 |
| 2028 | $0.000032 | $0.000025 | $0.000038 |
| 2029 | $0.00004 | $0.000032 | $0.000049 |
| 2030 | $0.000051 | $0.000041 | $0.000061 |
| 2031 | $0.000064 | $0.000051 | $0.000077 |
| 2032 | $0.000081 | $0.000065 | $0.000098 |
| 2033 | $0.0001 | $0.000082 | $0.00012 |
| 2035 | $0.00016 | $0.00013 | $0.00019 |
Shiba Inu price prediction 2024: Shiba Inu's price for 2024 according to our analysis should range between $0.000028 to $0.000043 and the average price of SHIB should be around $0.000036.
Shiba Inu price prediction 2025: Shiba Inu's price for 2025 according to our analysis should range between $0.000012 to $0.000019 and the average price of SHIB should be around $0.000016.
Shiba Inu price prediction 2026: Shiba Inu's price for 2026 according to our analysis should range between $0.000016 to $0.000024 and the average price of SHIB should be around $0.00002.
Shiba Inu price prediction 2027: Shiba Inu's price for 2027 according to our analysis should range between $0.00002 to $0.00003 and the average price of SHIB should be around $0.000025.
Shiba Inu price prediction 2028: Shiba Inu's price for 2028 according to our analysis should range between $0.000025 to $0.000038 and the average price of SHIB should be around $0.000032.
Shiba Inu price prediction 2029: Shiba Inu's price for 2029 according to our analysis should range between $0.000032 to $0.000049 and the average price of SHIB should be around $0.00004.
Shiba Inu price prediction 2030: Shiba Inu's price for 2030 according to our analysis should range between $0.000041 to $0.000061 and the average price of SHIB should be around $0.000051.
Shiba Inu price prediction 2031: Shiba Inu's price for 2031 according to our analysis should range between $0.000051 to $0.000077 and the average price of SHIB should be around $0.000064.
Shiba Inu price prediction 2032: Shiba Inu's price for 2032 according to our analysis should range between $0.000065 to $0.000098 and the average price of SHIB should be around $0.000081.
Shiba Inu price prediction 2033: Shiba Inu's price for 2033 according to our analysis should range between $0.000082 to $0.00012 and the average price of SHIB should be around $0.0001.
Shiba Inu price prediction 2035: Shiba Inu's price for 2035 according to our analysis should range between $0.00013 to $0.00019 and the average price of SHIB should be around $0.00016.
Top Coins Price Predictions
Similar Long Term Price Predictions
A Historical look at Shiba Inu, SHIB’s price
SHIB/USD Pair
SHIB
USD
3 June 2021
0.0000094
SHIB
USD
3 June 2022
0.000011
118.59
SHIB
USD
3 June 2023
0.0000086
76.72
SHIB
USD
4 June 2024
0.000023
276.83
SHIB/Euro Pair
SHIB
EUR
3 June 2021
0.0000077
SHIB
EUR
3 June 2022
0.00001
134.71
SHIB
EUR
3 June 2023
0.000008
76.98
SHIB
EUR
4 June 2024
0.000021
272.95
FAQs about Shiba Inu
What is the price of Shiba Inu as of today 4 June 2024?
Shiba Inu’s current price is $0.000023 and witnessed a -4.88% decrease in the past 24 hours. SHIB/BTC pair saw a -4.33% decrease in the past 24 hours
Is SHIB a good investment?
Investing in Shiba Inu, SHIB will purely depend on your personal risk appetite. As you can see over the past 24 hours Shiba Inu’s price has witnessed a -4.88% decrease and over the past 30 days Shiba Inu has decrease by -3.73%. So it all depends on if this investment will hit your trading goals.
How high can Shiba Inu’s price go this year in 2024?
According to our latest Shiba Inu Price prediction for 2024, SHIB should vary between $0.000043 and $0.000028. Please keep in mind that the crypto market is very volatile and this Shiba Inu price prediction does not account for extreme wild swings in price.
How much will the Shiba Inu be worth in 2024 ?
As per the Shiba Inu price prediction 2024 model above, SHIB’s price for June 2024 should range between $0.000028 to $0.000043 with the average price for June being $0.000036
How much will Shiba Inu be worth in 2025?
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2025 would be $0.000016. This price would however would range from $0.000019 and $0.000012.
How much will Shiba Inu be worth in 2026?
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2026 would be $0.00002. This price would however would range from $0.000024 and $0.000016.
How much will Shiba Inu be worth in 2027?
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2027 would be $0.000025. This price would however would range from $0.00003 and $0.00002.
How much will Shiba Inu be worth in 2028?
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2028 would be $0.000032. This price would however would range from $0.000038 and $0.000025.
How much will Shiba Inu be worth in 2029?
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2029 would be $0.00004. This price would however would range from $0.000049 and $0.000032.
How much will Shiba Inu be worth in 2030?
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2030 would be $0.000051. This price would however would range from $0.000061 and $0.000041.
How much will Shiba Inu be worth in 2031?
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2031 would be $0.000064. This price would however would range from $0.000077 and $0.000051.
How much will Shiba Inu be worth in 2032?
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2032 would be $0.000081. This price would however would range from $0.000098 and $0.000065.
How much will Shiba Inu be worth in 2033?
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2033 would be $0.0001. This price would however would range from $0.00012 and $0.000082.
How much will Shiba Inu be worth in 2035?
According to the Shiba Inu Price Prediction model above, SHIB’s price in 2035 would be $0.00016. This price would however would range from $0.00019 and $0.00013.
What was the highest price of Shiba Inu?
The highest price for Shiba Inu was recorded in 28 October 2021 during which SHIB hit an All Time High of $0.00
What is the price of 1 Shiba Inu?
The price of 1 Shiba Inu according to current market rate is $0.000023
Will Shiba Inu reach 1 cent?
While it is not impossible for SHIB to reach $0.01, it is not likely to happen in the near future. According to the Shiba Inu price prediction for 2024, SHIB is anticipated to reach a high of $0.000016 by March 2024. This would still be below $0.01. However, by 2035, the price is expected to reach $0.00026, which is still below $0.01.
